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Applied Industrial Technologies (AIT)
NYSE:AIT
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$2.22Last Year’s EPS
$2.24Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 8.92%
|Next Earnings Date:Jan 23, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong cash generation and positive order trends in the Engineered Solutions segment, with a raised EPS guidance for the full year. However, it also acknowledged declines in organic sales and mixed end market demand, particularly in the Engineered Solutions segment and early October sales trends.Company Guidance
During the earnings call for Applied Industrial Technologies (AIT) on October 24, 2024, executives provided guidance for fiscal 2025, maintaining their sales growth forecast of down 2.5% to up 2.5% and an EBITDA margin of 12.1% to 12.3%. Despite a 3% decline in organic daily sales for Q1, the company saw strong performance in September, with a record first quarter of free cash flow nearly doubling from the prior year. The Engineered Solutions segment experienced a 6% decrease in organic sales but noted an encouraging mid-single-digit order growth. Investment in strategic initiatives is expected to drive above-market growth and margin expansion, with a focus on automation and technology, amidst a mixed demand environment and macroeconomic uncertainties. The company also highlighted its robust balance sheet with nearly $2 billion in capacity, including over $500 million in cash, positioning it well for future growth opportunities and potential accretive acquisitions.Record First Quarter Free Cash Generation
Free cash generation nearly doubled from the prior year, marking a record first quarter.
Strong September Trends
Organic average daily sales during September were seasonally strong and relatively unchanged compared to the prior year.
Positive Order Growth in Engineered Solutions
Segment orders in the first quarter increased by mid-single-digit percent organically over the prior year.
Cash and Capital Position
The company has nearly $2 billion in balance sheet capacity, including over $500 million of cash on hand.
Raised Full Year EPS Guidance
The full year fiscal 2025 EPS guidance was modestly raised to reflect updated assumptions for interest and other income.
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AIT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AIT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $223.51 | $231.65 | +3.64% |
| Aug 15, 2024 | $198.28 | $199.76 | +0.75% |
| Apr 25, 2024 | $185.14 | $178.02 | -3.85% |
| Jan 25, 2024 | $174.25 | $175.19 | +0.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Applied Industrial Technologies (AIT) report earnings?
Applied Industrial Technologies (AIT) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Applied Industrial Technologies (AIT) earnings time?
Applied Industrial Technologies (AIT) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AIT EPS forecast?
AIT EPS forecast for the fiscal quarter 2025 (Q2) is $2.22.
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